PAYG pension systems with capital mobility
Consider an overlapping generation growth model involving identical countries whose fiscal policy reduces to a pay-as-you-go system with flat rate benefits and uniform payroll tax rate. In autarky, the tax rate is chosen so as to achieve a compromise between intragenerational and intergenerational redistribution. Assume now that there is capital mobility in a setting where national government act more cooperatively. This paper studies how the tax is affected by this combination of capital mobility and non cooperation. It shows that the tax rate increases and henceforth capital accumulation decreases as the number of countries involved increases.
|Date of creation:||00 May 2004|
|Contact details of provider:|| Postal: Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium)|
Fax: +32 10474304
Web page: http://www.uclouvain.be/core
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Casarico Alessandra, 2001. "Pension systems in integrated capital markets," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 1(1), pages 1-19, November.
- Beltrametti, Luca & Bonatti, Luigi, 2004. "Does international coordination of pension policies boost capital accumulation?," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 113-129, January.
- Yvonne Adema & Lex Meijdam & Harrie Verbon, 2009.
"The international spillover effects of pension reform,"
International Tax and Public Finance,
Springer;International Institute of Public Finance, vol. 16(5), pages 670-696, October.
- Yvonne Adema & Lex Meijdam & Harrie A. A Verbon, 2005. "The International Spillover Effects of Pension Reform," CESifo Working Paper Series 1540, CESifo Group Munich.
- Adema, Y. & Meijdam, A.C. & Verbon, H.A.A., 2009. "The international spillover effects of pension reform," Other publications TiSEM 34013c75-ba05-46ad-8656-0, Tilburg University, School of Economics and Management.
- Breyer, Friedrich & Kolmar, Martin, 2002. "Are national pension systems efficient if labor is (im)perfectly mobile?," Journal of Public Economics, Elsevier, vol. 83(3), pages 347-374, March.
- Alain Jousten & Pierre Pestieau, 2002.
"Labor Mobility, Redistribution, and Pension Reform in Europe,"
in: Social Security Pension Reform in Europe, pages 85-108
National Bureau of Economic Research, Inc.
- Jousten, Alain & Pestieau, Pierre, 2001. "Labour Mobility, Redistribution And Pensions Reform In Europe," CEPR Discussion Papers 2792, C.E.P.R. Discussion Papers.
- Persson, Torsten, 1985.
"Deficits and intergenerational welfare in open economies,"
Journal of International Economics,
Elsevier, vol. 19(1-2), pages 67-84, August.
- Torsten Persson, 1983. "Deficits and Intergenerational Welfare in Open Economies," NBER Working Papers 1083, National Bureau of Economic Research, Inc.
- Pemberton, James, 2000. "National and international privatisation of pensions," European Economic Review, Elsevier, vol. 44(10), pages 1873-1896, December.
- Stefan Homburg & Wolfram Richter, 1993.
"Harmonizing public debt and public pension schemes in the European community,"
Journal of Economics,
Springer, vol. 58(1), pages 51-63, December.
- Stefan Homburg & Wolfram Richter, 1993. "Harmonizing public debt and public pension schemes in the European community," Journal of Economics, Springer, vol. 7(1), pages 51-63, December.
- Pemberton, James, 1999. "Social Security: National Policies with International Implications," Economic Journal, Royal Economic Society, vol. 109(457), pages 492-508, July.
- Hoyt, William H., 1991. "Property taxation, Nash equilibrium, and market power," Journal of Urban Economics, Elsevier, vol. 30(1), pages 123-131, July.
When requesting a correction, please mention this item's handle: RePEc:cor:louvco:2004031. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alain GILLIS)
If references are entirely missing, you can add them using this form.